World Poverty Clock

• India has managed to bring down ‘extreme poverty’ below 3 per cent of its population, latest data on the World Poverty Clock showed.

ABOUT WORLD POVERTY CLOCK

• The World Poverty Clock provides real-time poverty estimates through 2030 for nearly every country in the world.
• It monitors progress against Ending Extreme Poverty, which is the UN’s first SDG.
  • The escape rate calculates the current rate of poverty reduction in the world.
• Funded by- The International Fund for Agricultural Development (IFAD) and the Federal Ministry for Economic Cooperation and Development of Germany.
• The Clock shows the number of people living in extreme poverty worldwide, disaggregated by age, gender and rural/urban location.
• The clock has taken $2.15 a day income to present the finding.
  • Accordingly, in India nearly 44 crore people are living in extreme population in 2024 against 4.69 crore in 2022.